Insider Selling: AutoNation CFO Sells 48,700 Shares of Stock (AN)
AutoNation (NYSE:AN) CFO Michael Short unloaded 48,700 shares of AutoNation stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $52.71, for a total transaction of $2,566,977.00. Following the completion of the sale, the chief financial officer now directly owns 26,579 shares of the company’s stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on AN shares. Analysts at Deutsche Bank raised their price target on shares of AutoNation (NYSE:AN) from $41.00 to $42.00 in a research note to investors on Friday, September 6th. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of AutoNation (NYSE:AN) in a research note to investors on Wednesday, July 31st. They now have a $49.00 price target on the stock.
Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. AutoNation has a consensus rating of “Buy” and a consensus price target of $48.63.
Shares of AutoNation (NYSE:AN) traded down 0.62% during mid-day trading on Wednesday, hitting $53.12. 2,188,480 shares of the company’s stock traded hands. AutoNation has a 52-week low of $38.28 and a 52-week high of $53.47. The stock’s 50-day moving average is $47.45 and its 200-day moving average is $45.35. The company has a market cap of $6.446 billion and a P/E ratio of 19.51.
AutoNation (NYSE:AN) last announced its earnings results on Thursday, July 18th. The company reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts predict that AutoNation will post $2.96 earnings per share for the current fiscal year.
AutoNation, Inc (NYSE:AN) is an automotive retailer in the United States.
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